This property looks like a bad Airbnb investment with a projected -28.28% first-year return on $129k initial cash invested.
-28.28%
Cash On Cash
-0.74%
Cap Rate
-0.12
DSCR
$0
Rent
-$3,041
Cashflow
Cash Flow
$0 income − $3,041 expenses = $3,041 out of pocket
Investment Breakdown
|
Purchase Price
$529k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$129k
Downpayment
20%
$106k
Closing costs
1%
$5,288
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$0
Total Expenses
$3,041
Mortgage P&I
27130000%
$2,713
Property Taxes
1360000%
$136
Home Insurance
1920000%
$192
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0